Market Overview:

E-scrap Recycling Market Size Was Valued at USD 8,710 Million in 2023 and is Projected to Reach USD 19,618 Million by 2030, Growing at a CAGR of 12.30 % From 2023-2030.

E-scrap recycling, or electronic waste recycling, involves the recovery of valuable materials from discarded electronic devices such as computers, smartphones, and appliances. This process mitigates environmental hazards by preventing electronic waste from ending up in landfills. Advantages include resource conservation, reduced energy consumption compared to primary material extraction, and the prevention of hazardous substances leaching into the environment. E-scrap recycling contributes to a circular economy by recovering precious metals, plastics, and other materials for reuse in manufacturing. Its applications extend to reducing electronic waste's ecological footprint, promoting sustainability, and fostering responsible disposal practices, aligning with global efforts to address the growing challenge of electronic waste management.

Top Key Players Covered in the E-scrap Recycling Market:

• • Umicore N.V. (Belgium)
  • Dowa Holdings Co. Ltd (Japan)
  • Sims Metal Management (Australia)
  • Stena Metall AB (Sweden)
  • ITRenew Inc. (US)
  • Electronic Recyclers International (US)
  • Enviro-Hub Holdings Ltd. (Singapore)
  • Ecoreco Ltd. (Taiwan), and Other Major Players

Market Dynamics and Factors:           

There are several driving factors behind the growth of the e-scrap recycling industry. One of them is the increase in environmental awareness and the need to properly handle the growing amount of electronic waste. Strict laws and regulations for recycling and disposing of e-waste also contribute to the industry's growth and promote ethical practices among companies and customers. Additionally, the industry is boosted by the rising consumer demand for valuable metals like palladium, silver, and gold, which are commonly used in electronic devices. Moreover, technological advancements that render electronic goods obsolete quickly have necessitated the development of effective recycling methods, leading to innovation in the e-scrap recycling business.

The electronics market is growing globally, and new electronic gadgets are being introduced regularly. This presents a lot of opportunities for e-scrap recycling businesses. One way to encourage firms to use more recycled materials in their manufacturing processes is through the circular economy. When governments, corporations, and nonprofits work together to establish comprehensive e-waste management systems, it creates a favorable environment for market expansion. Advanced technologies for recycling e-scrap, such as sophisticated techniques for sorting and disassembling, also provide opportunities to increase productivity and recover more valuable materials.

The use of cutting-edge technology like robots and artificial intelligence for automated sorting and dismantling procedures that maximize resource recovery is one significant development in the e-scrap recycling sector. A growing trend in business is the adoption of circular business models, in which producers are accountable for the complete lifespan of their goods, including recycling. Furthermore, there is a movement towards sustainable and localized resource extraction as seen by the growing popularity of urban mining, which involves removing precious metals from electronic garbage. To develop more comprehensive solutions for the management of electronic trash, industry participants are working together and launching new e-scrap recycling businesses at a rapid rate. The aforementioned trends collectively demonstrate a dynamic and ever-changing landscape, underscoring the industry's dedication to tackling environmental issues and advancing the circular economy.

The E-scrap Recycling Market Report Highlight:

• • By Product Type, IT, and Telecommunications Equipment segment is expected to dominate the market during the forecast period. The surge in technological advancements and rapid device turnover contribute to the growing volume of electronic waste in these categories. Efforts to recover valuable materials, coupled with increasing awareness of responsible disposal, underscore the prominence of IT and Telecommunications Equipment in the recycling sector.
  • By Processed Materials, the Plastic segment held the largest share of the market. The versatility and durability of plastics make them integral components in manufacturing, contributing to the increasing volume of electronic waste. E-scrap recycling efforts focus on recovering and reusing plastics, recognizing their significance in the circular economy and sustainable material management.
  • By Region, Europe is Expected to Dominate the Market Over the Forecast Period. Due to stringent environmental regulations, increasing awareness of electronic waste management, and robust support for circular economy initiatives. The region's commitment to sustainable practices, coupled with advanced recycling infrastructure, positions it as a key player in the global e-scrap recycling landscape.

Key Industry Development:

In February 2024, Sims Metal, a global leader in metal recycling, announced it had invested in a new electric car flattener, replacing its previous diesel model, at the local Sims Metal site on Allens Avenue. This new electric equipment is expected to reduce the site’s CO2 emissions by 9.6 tons per year, which aligns with the company’s sustainability initiatives, as well as with the State of Rhode Island’s 2021 Act on Climate.

In January 2024, Umicore agreed with Microsoft to use artificial intelligence (AI) as a means to facilitate and accelerate its research in battery material technologies for electric vehicles, a key growth area for the Group. It will make Umicore a first-mover in applying an AI-based approach to support battery scientists in developing new battery materials, enabling their faster time-to-market and an even more cost-efficient development process.

The E-scrap Recycling Market Segmentation:

By Product Type

• • IT and Telecommunications Equipment
  • Large White Goods
  • Small Household Appliances

By Process

• • Pre-Processing & Sorting
  • Dismantling & Component Recovery
  • Shredding & Size Reduction

By Processed Materials

• • Plastic
  • Metal
  • Glass

For this report, Pristine Intelligence has segmented the E-scrap Recycling Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

• • The U.S.
  • Canada
  • Mexico

Eastern Europe

• • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

• • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Russia
  • Spain
  • Rest of Western Europe

Asia Pacific

• • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

• • Turkey
  • Bahrain
  • Kuwait
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

• • Brazil
  • Argentina
  • Rest of SA